Bitcoin Hits New All Time High of $113,900 as Adoption Accelerates
Bitcoin MagazineBitcoin Hits New All Time High of $113,900 as Adoption Accelerates Bitcoin’s surge to $113,900 signals rising adoption, and Fed rate cut expectations. This post Bitcoin Hits New All Time High of $113,900 as Adoption Accelerates first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Bitcoin Magazine
Bitcoin Hits New All Time High of $113,900 as Adoption Accelerates
A day after yesterday’s ATH where Bitcoin reached $112,000. Bitcoin today officially reached a new all-time high (ATH) of $113,900, extending its bullish run that reignited in late June. Just 18 days ago, BTC was trading around $98,000. Today’s ATH highlights the accelerating global shift toward viewing Bitcoin as both a store of value and a strategic asset.
Meanwhile, $50 million worth of Bitcoin shorts were liquidated in the past hours and over $1.5 billion worth of Bitcoin short positions are set to be liquidated at $120,000, according to data from Coinglass. If Bitcoin continues its upward trajectory, a massive short squeeze could be triggered, forcing bearish traders to buy back in at higher prices and further accelerating the price action.
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